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(SID) National Steel complete technical analysis [charts+indicators] | Buy/Sell National Steel | (SID) share price targets

Complete technical analysis of National Steel (SID) by charts plus indicators, forecast predictions and share price targets for National Steel (SID)

National Steel trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-07-31 View latest technical analysis

10 day averaged volume of National Steel is 1340913

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	2.10	2.11	2.13	2.10	0.866 times
30 Tue Jul 2024	2.09	2.08	2.10	2.07	0.622 times
29 Mon Jul 2024	2.12	2.13	2.13	2.09	0.593 times
26 Fri Jul 2024	2.13	2.10	2.14	2.09	1.089 times
25 Thu Jul 2024	2.12	2.11	2.14	2.08	1.52 times
24 Wed Jul 2024	2.11	2.15	2.17	2.11	1.045 times
23 Tue Jul 2024	2.16	2.21	2.21	2.15	1.4 times
22 Mon Jul 2024	2.27	2.28	2.29	2.27	0.599 times
19 Fri Jul 2024	2.23	2.28	2.28	2.22	1.306 times
18 Thu Jul 2024	2.27	2.36	2.37	2.26	0.878 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.2, but if it comes above 2.2, then a intra day buy could be more profitable.
If you take a sell trade below 2.2, then use 2.2 as stoploss and 2 as target. However if you take a buy trade in stock , then use 2.2 as stoploss and 2.29 as target.

Share price targets for National Steel (SID)

Target Type	Value
Downside Target	2.07
Upside Target	2.13
Upside Target	2.20
Upside Target	2.29
Upside Target	2.34
Upside Target	2.42
Upside Target	2.48
Upside Target	2.49
Upside Target	2.64
Upside Target	2.86
Upside Target	3.00
Upside Target	3.17
Upside Target	3.41

Intraday share price targets for National Steel (SID)

Target Type	Value
Downside Intraday Target	2.07
Downside Intraday Target	2.04
Upside Intraday Target	2.13
Upside Intraday Target	2.16
Downside Intraday Target	2.1

Weekly technical analysis of National Steel (SID)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	2.10	2.13	2.13	2.07	0.368 times
26 Fri Jul 2024	2.13	2.28	2.29	2.08	1.221 times
19 Fri Jul 2024	2.23	2.46	2.48	2.22	1.191 times
12 Fri Jul 2024	2.46	2.35	2.46	2.34	2.532 times
05 Fri Jul 2024	2.39	2.36	2.42	2.36	0.515 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of National Steel (SID)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	2.10	2.34	2.48	2.07	0.621 times
28 Fri Jun 2024	2.30	2.45	2.49	2.20	1.115 times
31 Fri May 2024	2.49	2.70	2.86	2.47	0.533 times
30 Tue Apr 2024	2.69	3.14	3.17	2.64	1.234 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of National Steel (SID)

Price action analysis of National Steel ( (SID) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of National Steel ( (SID) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of National Steel ( (SID) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of National Steel ( (SID) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for National Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for National Steel in short term and the sell signal is strong.

National Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for National Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of National Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.16 and National Steel (SID) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the National Steel (SID) stock. Volume based technical analysis of National Steel (SID) stock is negative.

National Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.